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2018 Kansas Down Payment Assistance Programs

Kansas down payment assistance programs offer the First Time Homebuyer Program (FTHP), which makes monies available to those who qualify under the conditions of a sliding scale. Income is the primary qualifier for this program. Persons who are residents within the city limits of Topeka, Lawrence, Wichita, Kansas City, or Johnson County do not qualify for this program.

What Do Qualified Applicants Receive?

Loans for those who qualify range from 15 to 20 percent of the home’s purchase price, depending on your income. In addition to the income requirement, those who apply must also make a minimum investment of two percent of the home’s sale price. Applications for the program are completed by the lender who is working with the home buyer, and in turn files the completed paperwork with the FTHP for final approval.

Kansas’ FTHP has already helped thousands of new homeowners make their dreams of home ownership come true. And with the continuation of this program, there’s a good chance that the same monies will continue to make dreams come true in the future. Applications continue to be accepted by participating lenders.

Other Kansas down payment assistance programs include the Federal Housing Administration (FHA) loan. This loan requires the 3.5% of the purchase price as a down payment. The USDA insured Rural loan for farming properties. The VA loan for veterans of the Armed Forces. Each loan has many positives and negatives for borrowers to consider. Discuss each loan option with your mortgage lender to see which one allows down payment assistance programs. Most mortgage lenders may or may not be aware of the programs that currently available so you may need to visit several before finding the right lender.